{
  "docId": "019de518-96ec-70e9-9e32-a2739ae30037",
  "docSlug": "2038d51f70ed4e334524fe4254fe1c93",
  "documentTitle": "Great Ajax | Results Presentation Deck | 17 slides",
  "authorId": "great-ajax",
  "authorName": "Great Ajax",
  "documentKindSlug": "conference-presentation",
  "documentKindLabel": "Conference presentation",
  "sourceTypeSlug": "investor_relations",
  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2024-10-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.3333334,
  "pageNumber": 6,
  "pageCount": 17,
  "prevPage": 5,
  "nextPage": 7,
  "slideType": "propose_solution",
  "function": "propose_solution",
  "density": "overcrowded",
  "nDataPoints": 6,
  "notes": null,
  "elementsJson": null,
  "metadataConfidence": 0.9,
  "imagePath": null,
  "slideHref": "/slides/019de518-96ec-70e9-9e32-a2739ae30037/6",
  "deckHref": "/decks/019de518-96ec-70e9-9e32-a2739ae30037",
  "deckJsonHref": "/decks/019de518-96ec-70e9-9e32-a2739ae30037.json",
  "deckAnchorHref": "/decks/019de518-96ec-70e9-9e32-a2739ae30037#slide-6",
  "components": [
    {
      "bbox": {
        "h": 0.43,
        "w": 0.42,
        "x": 0.514,
        "y": 0.413
      },
      "kind": "chart",
      "text": "Historical Net Interest Margins\nPrior to transaction closing\nRithm Manager\n18% 17% 18% 10% 3% 30%\nJun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24",
      "attrs": {
        "x_axis_labels": [
          "Jun-23",
          "Sep-23",
          "Dec-23",
          "Mar-24",
          "Jun-24",
          "Sep-24"
        ],
        "y_axis_labels": [
          "3%",
          "10%",
          "17%",
          "18%",
          "30%"
        ]
      },
      "subkind": "line",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "16a10048-84cc-42e0-8ea5-fb925a3e3718",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.049,
        "w": 0.83,
        "x": 0.103,
        "y": 0.299
      },
      "kind": "list",
      "text": "Enhanced In-House Servicing\nIndustry-Leading Capital Markets and Financing Expertise\nDiverse Asset Management and Selection Capabilities",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "2d6e7fbd-9163-40da-8441-702842d03d83",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.29,
        "w": 0.44,
        "x": 0.056,
        "y": 0.395
      },
      "kind": "list",
      "text": "Actions Taken Since Closing the Strategic Transaction:\nServicing: Moved whole loan servicing to Shellpoint Mortgage Servicing (a wholly-owned subsidiary of Rithm), driving servicing expense savings\nFinancing: Moved repurchase financing from full daily mark to market financing to either non-mark to market or non-daily mark to market with margin holidays\nImproved blended cost of funds spread on repurchase obligations by 28bps (an 18% improvement)(1)\nSales & Reinvestment: Sold significant portion of legacy residential assets and began deploying capital into accretive CRE investments",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "96bd8313-355b-471b-99da-3b31eeda2bc0",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.102,
        "w": 0.44,
        "x": 0.056,
        "y": 0.757
      },
      "kind": "list",
      "text": "Ongoing Initiatives(2)\nFinalize legacy asset sales while prioritizing book value stability\nSource accretive investment opportunities to drive growth in net interest income",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "c663df2e-e485-4a73-b466-fcbfaee0c7b1",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.02,
        "w": 0.877,
        "x": 0.056,
        "y": 0.147
      },
      "kind": "paragraph",
      "text": "Great Ajax leverages Rithm's capital markets, operational and asset management expertise to drive efficiency",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "d45407c1-9da7-44a0-ad91-b56f6054c929",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.01,
        "w": 0.226,
        "x": 0.699,
        "y": 0.946
      },
      "kind": "source-note",
      "text": "Detailed endnotes are included in the Appendix.",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "b5682b80-61ff-49d1-ab1b-e4ed25264348",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.369,
        "x": 0.056,
        "y": 0.065
      },
      "kind": "title",
      "text": "Path to Profitability",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "edc28be5-ea2d-4f60-bcfa-a89825529c37",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 6,
      "from": 5,
      "beatId": "02476981-9740-4103-9ee2-17e06945caaa",
      "arcName": "Monroe's Motivated Sequence",
      "arcSlug": "monroes-sequence",
      "beatName": "Need",
      "beatSlug": "monroes-sequence-need",
      "evidence": "Slides 5 and 6 discuss transformation and path to profitability",
      "position": 1,
      "confidence": 0.8,
      "parentBeatName": "Complication",
      "parentBeatSlug": "complication"
    }
  ],
  "loops": [
    {
      "to": 6,
      "from": 5,
      "name": "Cost Of Inaction",
      "slug": "27-cost-of-inaction",
      "bestFor": "Urgent budget requests, compliance, risk mitigation",
      "matchId": "efd3ddcf-3815-412b-8fa4-37266afe72be",
      "evidence": "The transformation and path to profitability slides imply costs of inaction",
      "position": 0,
      "objective": "Highlighting the need for transformation",
      "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point",
      "confidence": 0.6,
      "description": "Quantify what happens if the audience does nothing"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}